OK-Score 1997 – 2016.

Presentatie over: "OK-Score 1997 – 2016."— Transcript van de presentatie:

1 OK-Score 1997 – 2016

2 OK-Score Institute B.V.(1997)/CvBA (2013)
DIRECTORS W.D. Okkerse MBA CEO Drs. G.F.C. van Ravenzwaay PR A.H. Hoek MBA CIO Advisory Board Ardashir Dubash (Private Banker ex Credit Suisse) Antonis Partellas RA

3 OK-Score Institute B.V./CvBA (1997/2013)
THE PERSPECTIVE IN MARKET CAPITALIZATION PWC NETHERLANDS € DUTCH STOCK EXCHANGE € OK-Score Institute €

4 Het Effectenhuis Commissionairs BV (2010)
DISTRIBUTION CHANNEL Netherlands Het Effectenhuis Commissionairs BV (2010) DIRECTORS R. Boer W. Groot BELGIUM UNDER CONSTRUCTION

5 Special observations - No payroll obligations
- All parties engaged within a long term endurable cooperation - One principle : Dare to share

6 Achtergrond OK-Score ™
MBA (cum laude) 1990 PhD Programma Doelstelling Beperking Z-Score Vervolgonderzoek Aandelen Doelstelling Is verlaging risico tegelijkertijd mogelijk met rendements verhoging Real life since

7 KNUPPEL MAAR IN HET HOENDERHOK

8 GEMEENSCHAPPELIJKE FACTOR

9 Professor Breesch Universiteit van Brussel >70% bij FAILLISEMENT GEEN GCO
>95% bij GCO GEEN FAILLISEMENT

10 OK-Class 10 = Business Failure (Class 9 upfront warning)
Relevant definition: Default (failure to reimburse) Chapter 11 Bankruptcy Forced increase of capital Forced recapitalization Forced asset stripping Forced split Forced takeover Financial statement fraud (cooking the books) ....leading to a substantial drop in share value. 02/09/2015 OK-SCORE INSTITUTE MEETS DFT

11 DE OK-SCORE KLASSEN 1 2 3 4 5 6 7 8 9 10

12 DE OK-SCORE IN PERSPECTIEF
De verwachtingskloof 100% 50% 0% AUDITORS 95%/70% CRA C-grades 63%/73% NIET ONTDEKTE GCO OK-Score Klasse 10 1,6%/0,04% 0% % % FOUT GEGEVEN GCO

13 DE OK-SCORE IN PERSPECTIEF
De verwachtingskloof 100% 50% 0% AUDITORS 95%/70% Z-Score 35%/25% NIET ONTDEKTE GCO CRA NI 5%/93% OK-Score Klassen 0,0%/0,0% 0% % % FOUTE GEGEVEN GCO

14 …OK-Scores te gebruiken als gelegaliseerde voorkennis
02/09/2015 Results …OK-Scores te gebruiken als gelegaliseerde voorkennis (FALSE POSITIVE) TYPE 1 True positives (number of true negatives (FALSE NEGATIVE) TYPE 2 TOTAL TOTAL False positive 1/ = 1,64% correct defined business failures 60/61 = 98,36% False negative 1/2490 = 0,04% correct defined running companies /2490 = 99,96% OK-SCORE INSTITUTE MEETS DFT

15 ONLY IN 2013 CONFIRMATION OF OK-SCORE THEORY
IMPORTANT ONLY IN 2013 CONFIRMATION OF OK-SCORE THEORY C. Walkshäusl (2013) lower risks and better performances University of Regensburg

16 Practical results OK-AEX Portfolio
Real life – (Yield 255% vs AEX 72%) OK-World Fund Real life since October 1, 2013 (successor of AEX-fund) Yield 12.5% Nett as per Dec. 31,2015 OK-Magnificent Twenty Fund (ex S&P 500) real life since Yield 604% Gross as per Dec OK-Interest Dividend Fund Real life since February 1, 2014 Yield 6,5% Nett as per Dec

17 TOPICS FOR DISCUSSION ESSENTIAL FOR WORLD WIDE SET-UP
1. EXCELLENT QUALITY OF INPUT-DATA (Auditors driven) 2. EXCELLENT SELECTION PROCESS OK-SCORE INSTITUTE OBJECTIVE - TRANSFER DATA INTO HIGH VALUE INFORMATION - ADDED VALUE DIFFERS IN EACH INDIVIDUAL MARKET - NO FIXED PRICE : DARE TO SHARE